Salary cap expected to be released tonight
UPDATE: The salary cap will be higher than the $56.1M projection, according to a league executive. The moratorium ends on Thursday morning at 12:01 AM and it will be when the NBA releases its official cap figure for the 10-11 season.
Well, it’s unofficially official. Dwyane Wade and Chris Bosh each has publicly declared his intention to sign with the Miami Heat.
That leaves Lebron James as the only member of the triumvirate yet to make a decision.
There has been much discussion as to whether the Heat can actually afford to pay him the max within the confines of the salary cap. Of course, that depends on what the salary cap is.
The latest estimates provided by Commissioner David Stern, on April 16, called for a cap of $56.1 million. The final figure is expected to be released by tonight.
Keep these two figures in mind:
$55,986,936: If the cap meets or exceeds this figure, the Heat will be able to offer three max contracts IF it moves Michael Beasley and Mario Chalmers
$56,367,721: If the cap meets or exceeds this figure, the Heat will be able to offer three max contracts IF it moves Michael Beasley